Capita Fiduciary Group acquires FMS (Netherlands) B.V.
Capita Fiduciary Group B. V., a wholly owned subsidiary of Capita Trust Company Ltd and part of Capita Fiduciary Group, has acquired FMS (Netherlands) B.V (‘FMS’) for an undisclosed sum.
Based in Amsterdam and regulated by the Dutch Central Bank, FMS provides finance and corporate trust services to institutions, multinationals and private individuals.
All staff at FMS, including the two existing partners, Robbert Frassino and Peter Dekker will transfer to Capita.
This is the second recent acquisition that Capita has made in the Netherlands. Last January, it acquired Nieuwenhuis Services B.V. (‘NHS’). At that time Robert Coyle, Managing Director of the Capita Group’s Insurance and Investor Services Division, said that the NHS acquisition would help Capita to selectively consider other acquisitions on the mainland of Western Europe.
Commenting on the FMS acquisition, Mr Coyle said: “This acquisition further strengthens Capita’s position in the international financial services industry and complements the existing business in Amsterdam as well as the other fiduciary group businesses in Jersey, Guernsey, London and Dublin. The deal will provide Capita with increased scale, enabling it to take on and service its ever increasing new business opportunities. We look forward to welcoming both staff and clients to Capita”.
Robbert Frassino, Managing Director at FMS added: “We are delighted that Capita has acquired our business. This acquisition provides excellent prospects for the business and our staff to grow and develop in the future.” The Capita Group also has another business presence in the Netherlands. Based in the Hague, Capita Commercial Insurance Services Limited provides claims management and related services to insurers and companies.